One of the most bitterly divisive US presidential elections in history has investors on edge. While it will ensure market volatility, long term it’s the economy that will dictate how markets perform.
It was Crosby Stills Nash and Young who wrote that immortal 1970 tune, Teach Your Children. That’s exactly what Selfwealth’s Craig Keary is advocating to ensure the estimated $3.5 trillion wealth transfer to future generations over the next 25 years is not squandered.
Why games are so much more than just an enjoyable pastime
We all know that games – whether they be video games, more traditional board games or something as simple (or complex) as a jigsaw puzzle – can be a great way to while away the hours.
But did you know that it can be excellent for the mind? There is no end of research that shows that games are associated with improved cognitive abilities (the US National Institutes of Health even identified video games as having cognitive benefits), so if you want to keep your mind sharp, consider finding a game to add to your routine.
Boosting memory and cognitive skills: At a simple level, games require players to remember rules, strategies and sequences that can significantly improve your memory. For example, card games such as bridge or solitaire demand a good recall of the cards played and those remaining. This constant mental exercise helps improve both short-term and long-term memory.
Moreover, many games require strategic thinking and problem-solving skills. Chess, for instance, is renowned for its ability to enhance cognitive functions. Players must anticipate their opponent’s moves and plan several steps ahead, sharpening critical thinking and decision-making abilities.
Enhancing social skills: Playing games is often a social activity, whether it’s a family board game night or an online multi-player game. These interactions can improve communication skills, foster teamwork and build stronger relationships. Games such as scrabble or pictionary encourage players to articulate their thoughts clearly and work together towards a common goal.
It’s also a good way to get people together to play when they can’t be physically in the same room. Families across Australia are organising game nights with any of the myriad game options.
Improving focus and concentration: Many games require a high level of concentration and attention to detail. For instance, sudoku and crossword puzzles demand sustained focus to solve complex problems. This practice can translate to better concentration in other areas of life, such as reading, working on a project or even managing daily tasks.
Video games, in particular, are known for their ability to improve hand-eye coordination and reaction times. Fast-paced games such as Tetris or action-adventure games require quick thinking and precise movements, enhancing your overall coordination and reflexes. If those are a bit much for your skill level, there are many other options that are slower paced.
Encouraging learning via fun: One of the most significant advantages of playing games is that they make learning fun. Educational games, whether digital or physical, are designed to teach specific skills or knowledge areas in an engaging way. For example, trivia games can expand your general knowledge, while math-based games can improve numerical skills.
Many other games are based on history or real-world events, and simply by enjoying the game you can be inspired to learn something more about the real history. Many people play games about Japanese history and then are inspired to read books from historians to learn more about what the games are based on.
Reducing stress and promoting relaxation: Playing games can be a great way to unwind and relax. Engaging in a fun activity can reduce stress levels and provide a mental break from daily routines. Games that involve humour or light-hearted competition, such as charades or party games, can lift your spirits and promote a positive mood.
Moreover, the sense of accomplishment that comes from solving a challenging puzzle or winning a game can boost self-esteem and provide a sense of achievement.
Stimulating creativity: Many games encourage creative thinking and innovation. Building games like Minecraft or strategy games such as Civilization require players to think outside the box and come up with unique solutions to problems. This kind of creative problem-solving can be beneficial in various aspects of life, from tackling work challenges to finding new hobbies.
Artistic games, such as those involving drawing or storytelling, also stimulate creativity. These games allow you to express yourself in new and imaginative ways, fostering a sense of creativity that can spill over into other areas of your life.
Providing lifelong learning opportunities: As you can see, games are not just for children. Not only are they entertaining, but they offer all kinds of educational opportunities and can lead you into new hobbies around art, music or history where you never knew you had an interest.
Do a bit of research and find a game that catches your attention. This continuous learning helps keep your mind active and engaged, which is crucial for maintaining cognitive health as you age.
